metals and mining news
In the meantime, established mills such as Vietnam’s Hoa Phat are adding blast furnaces. Investors back overhaul of Australian mining sector following caves inquiry Wed, Dec 9th 2020 JPMorgan says gold will suffer as institutional investors buy into bitcoin It includes questions on workforce diversity and gender pay gap. Cornish Lithium said it had acquired a license for Lepidico’s technology and had also signed a collaboration agreement with Lepidico to further develop them. Most of the mooted new projects will probably get no further than the drawing board. It is worth noting that the first quarter of each year contains China’s Lunar New Year holidays when markets close for at least a fortnight. From laws preventing women working in specific jobs, to stereotyping of gender roles and abilities, historically the metals and mining sectors were inhospitable environments for women to enter and progress careers. These can include weather events and environmental factors, operational outages and disasters, government policy changes (especially in China)—and heavens above, a global pandemic. Newmont chair of the board of directors, Noreen Doyle, noted the importance of providing well-fitting protective clothing so that women feel part of the team, while Moore praised initiatives in Papua New Guinea to regularly assess risks and hazards to women in mines, and conduct annual audits to make sure women are safe. Most analysts see them dropping by roughly $5-$10/mt each year over the next four years, to an average of $95/mt in 2021, $85/mt in 2022, $$75/mt by 2023 and $70/mt in 2024. Opinion 14 October 2020 Metals and mining: an industry at a crossroads; Opinion 19 June 2020 Metals and mining: who gets hit hardest by an economic slump? Why Metals and Mining Stocks Aren't Joining Today's Rally ... With the news on the presidential election more universally accepted, and the equity … Manufacturing has recovered strongly in recent months and global supply chains have been restored, helping China’s exports to resume. This year, China looks on track to export around 54 million mt of steel, compared with 75 million mt in 2019. Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry. Dec 10, 2020 Omineca Announces the Commencement of Dewatering at Wingdam. Platts spoke to 30 companies for the Outlook over Dec. 7-11, comprising Chinese mills, domestic and international traders and mining companies. Metals & Mining The latest in metals & mining industry news from MarketWatch. The iron ore forward market has always been in backwardation, below spot physical prices. Singapore — High iron ore market prices seen in recent months are expected to continue into the first quarter of 2021, supported by strong Chinese steel output, according to the latest S&P Global Platts Iron Ore & Steel Outlook. Vice Chairman, Metals & Mining. There’s not much point building ambitious volumes into a supply-demand model when companies keep missing their current year targets. Most of the leaders interviewed expressed optimism for the metals and mining industries, however, pointing to concrete changes that are taking place to encourage greater diversity in general. Answering Mining's Big Questions. Gold prices settle at a nearly 2-week high, mark 3rd gain in a row Tyck till! Representation of women on the board of directors or supervisory board across the group went from 14% in 2016 to 17% in 2019 on average. At this stage, Platts does not provide a formal iron ore price forecast. Further, the iron ore hubs of Australia and Brazil happen to be located in regions that suffer cyclones and heavy rains every year. Russia reduced exports of non-ferrous metals in January-October. Santiago, Chile — Lundin Mining is assessing the feasibility of a restart of operations at its Candelaria copper mine in northern Chile after workers voted to end a month-long strike at the operation, the company said. This is therefore merely a personal view based on observing the market closely for almost 13 years. The company said the technologies provided “an innovative and environmentally responsible metallurgical processing solution”, with work so far indicating the potential to produce battery-grade lithium in Cornwall without the need for further refining, making it a complete on-site solution. 16/12/2020 - 16:27. email@example.com, International news within the industry of mining and metal, Dec, 18 2020, Norway ready to increase production of vanadium and phosphates in years to come, Russian coal producers ready to withdraw Australian rivals from China, Finland may become a new center of gold production in Europe, Global diamond producers hope for recovery of market in 2021, Metso Outotec to modernize Norilsk Nickel’s smelting line in Russia. For the first time since the Outlooks began in late 2019, a sizeable number (32%) of respondents said manufacturing would play a bigger role for demand in 2021. Mobile App Our Services News publishing, tag articles Get great ideas from our AI, cannabis, cleantech, crypto, esports and mining podcasts - be a guest or sponsor : 800 665 0411 "Precious Metals and Mining Trust is an investment trust operating in Canada. S&P Global Ratings includes ESG factors in its criteria for evaluating companies and they are likely to play a larger role over time. “In response to prolonged and pronounced price rises in the past, they have tended to resort to the ample but lower-quality domestic iron ore, using their market power to force prices down.”. The investment portfolio of the trust includes equity securities of metals and minerals mining and exploration issuers." As part of the MMBI initiative, the companies will pool resources and cost, as well as improve industry-wide trust, which cannot be achieved by acting individually. News and opinion on metals used in electric vehicle and energy storage batteries including cobalt, vanadium, lithium, graphite and nickel. Commodity forecasting is a difficult business at the best of times. Metals Headlines PRECIOUS-Gold climbs on U.S. stimulus hopes post Fed statement Gold rose on Wednesday on prospects for more stimulus measures after the … Opinion 11 June 2020 The controversial Pebble project in southwest Alaska may turn out to be not just a... Blockchain can trace carbon emissions for mining, metals companies, Chinese investors ready to invest US$ in gold mining in Tajikistan, Estonia may resume phosphorites mining next year, Global prices for iron ore hit seven-year high amid ongoing construction boom in China, Russia plans to accelerate mining activities in African region. Given the way the market often freaks out (like right now) at any potential supply shortage, any announced delays could see prices spike. Australian and Brazilian expansions, accompanied by millions of new tons from Africa, will swamp the market; scrap will increasingly displace iron ore; and prices will return to their historically low levels.”. GMA- Lifetime Achievement Award: Rannveig Rist. As it turned out, Rio Tinto and BHP were 5-10 years too late in their predictions. More than a third of respondents believed their iron ore requirements would increase in Q1, while 42% thought they would stay the same as in the current October-December quarter. Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in … 16/12/2020 - 18:20. Members of the Candelaria AOS union voted to accept the latest offer from management on November 19, ending a […] Anglo American Kumba has said annual port and rail maintenance at its South African operations will see it achieve the lower end of its production guidance this year. Metals and Mining Review, the Best source for industrial news, top metal and mining business and technology updates, news on technology implementation in Industries and corporate news and also lists the latest product released in metal mining industry. Investors have walked away from thermal coal, and many are snubbing metallurgical coal. An issue mentioned by more than one of the interviewees was that of safety and practical measures that would help women to feel welcome and secure in the workplace. Rio Tinto has been beset by operational issues this year, and has downgraded its full-year production guidance more than once. These can include weather events and environmental factors, operational outages and disasters, government policy changes (especially in China)—and heavens above, a global pandemic. Listen: Are high Indian steel prices an outcome of supply shock or is a demand revival a reality? The IODEX 62% Fe physical price on Dec. 11 rose to $160.70/dmt, a new multi-year high, while the forward curve midpoint delivery window value on the day was $158.09/dmt, according to Platts calculations. It is planning to immediately proceed towards bulk metallurgical testing and the construction of a pilot plant using the so-called L-Max and LOH-Max technologies. Many of the women described the discrimination they faced in entering particular jobs or progressing their careers, with several mentioning superstitions that even recently prevented women from working underground. Kitco Commentaries | Opinions, Ideas and Markets Talk. The company had been testing the environmental acceptability of the Trelavour project for two years, he said. Yes, there are mine replacement in Western Australia projects (more on this later), and Fortescue’s new Iron Bridge magnetite project. China’s central government has tried to contain house price rises by tightening credit conditions. As the industry continues to adapt and respond to the COVID-19 pandemic, thought leadership, market transparency, and a forum to network all have become more critical than ever. There is a massive amount of new integrated steelmaking capacity planned for Southeast Asia in the next few years. Many were skeptical (including this author) when Rio Tinto and BHP routinely trotted out the view a few years back that China would produce 1 billion mt of crude steel by 2025-2030. Based on both actively participating companies and publically available information, in 2019 only 40 out of 88 companies in the sector had a board diversity policy that included gender factors.*. Britain's last tin mine could reopen as tech companies chase ethical metals. Collectively, their careers span almost every continent and a wide variety of roles and products. But in the case of key steelmaking raw material iron ore, analysts, consultants and industry experts, and often market players themselves, have consistently got the price outlook wrong—typically on the low side. The event at a glance As the industry continues to adapt and respond to the COVID-19 pandemic, thought leadership, market transparency, and a forum to network all have become. Opinion 15 December 2020 Faster decarbonisation and mining: a crisis of confidence or capital? More Interest Rate Drops Possible:BoC . Mining news and research that's as smart as you. In February, we will discuss the industry’s response to the pandemic as well as evolutions in the marketplace and reverberations from the 2020 U.S. election. A more careful and diligent approach to developing and expanding iron ore mines could see longer project timelines. Latest articles by Julian. S&P Global Platts is very pleased to bring you the Aluminum Virtual Symposium 2021. Recent positive moves to achieve equal opportunities in the sector are also plentiful. In the last four years, it has managed to raise the overall proportion from 17.6% to 24.5%. Bill Matlack Tuesday December 15, 2020 15:25. METALS AND MINING NEWS. Iron ore futures have seen higher relative pricing to physical indexes in recent days. In other words, a lot of tons of iron ore depend on successful tie-in work, commissioning and ramp-up of new projects. The midpoint value is typically 2%-5% lower than the underlying spot physical price. Hundreds of affiliate Metals Sites that focus on precious metals, base metals, rare earth metals, steels and more. The Platts 62% Fe iron ore fines benchmark has risen 30% since the start of November, hitting a seven-year high of $160.70/mt CFR North China on Dec. 11. Given the recovery in other steel markets, China’s finished steel exports are tipped to increase next year. Even as S&P Global Platts IODEX 62% Fe fines benchmark fell Dec. 14 to $154.50/dmt, total pellet prices indicated well above earlier levels, potentially in the $170s/mt FOB range, may be displaced by more lump or lower grade alternatives as buyers question the longevity of higher steel and iron ore spot prices. “The UK is now the poster child for environmental sustainability, and critical to that is having access to the raw mat such as lithium for the batteries that will allow our transition to an electric, renewable future,” Wrathall said. Interviewees highlighted the need for diversity policies to be comprehensive, covering not only gender but also ethnicity and national diversity, LGBTQ+ representation and issues of social mobility, disability and mental health. But the consensus continues to be that iron ore prices will fall markedly in coming years. Cornish Lithium said Dec. 7 the tests were carried out using fellow lithium explorer Lepidico’s proprietary technology on samples obtained during a hard rock drilling program this […]. SASKATOON, SK – December 10, 2020 – Omineca Mining and Metals Ltd. (TSXV: OMM) ("Omineca" or the "Company"), announces that it has commenced dewatering and decline rehabilitation activities at the Company’s underground placer gold project at Wingdam in the Cariboo Mining District of south-central British Columbia. It is also important to highlight the additional layer of discrimination faced by many women because of their ethnicity, a challenge mentioned by some of our interviewees. While the raw figures show there is still a way to go to achieve gender parity in metals and mining companies, momentum appears to be building, and the growing importance of ESG to investors is also likely to help speed up progress. Go deeper: S&P Global Platts Iron Ore & Steel Outlook. Ukraine has reduced export of ferroalloys. “However, we believe that the price rise has long been exaggerated,” Briesemann said. Economic Commentary; Economic Calendar; Global Economies; Saturday - December 12, 2020 Metals and Mining News Even today, 60 economies have at least one restriction on women working in mining, according to a 2020 World Bank report. Metals turn into insulators using a new quantum switch. The SAM CSA, managed by S&P Global, is an annual evaluation of companies’ sustainability practices and focuses on criteria that are financially material, applying 61 industry-specific approaches and asking companies on average 100 detailed questions. Metals & Mining ETF News Features and News Gain vital insights into the metals supply chain, commodity market and the latest mining developments. But planned capacity and actual production are two different things. RF reduced gold production in January-September by 0.6% - Union of Gold Producers. In fact, from practically the time your blogger started covering the iron ore and steel industry—from Shanghai in May 2008, the month of Fortescue Metals Group’s inaugural shipment—he was told: “Don’t get excited by all the hype now, there will be a massive oversupply in a few years. Metals & Mining Review is one of the topmost business and technology magazine in the Metals & Mining industry which shares the latest technology news, articles and trends in Metals & Mining Field. Data from the SAM Corporate Sustainability Assessment (CSA) provides a snapshot of an industry that is gradually improving, but still has far to go to achieve gender parity at the levels of senior management and board. Taken together, these drivers point to upward support rather than downward pressure in the iron ore market, in the short-to-medium term at least. Frågor, idéer och kommentarer om webbplatsen är varmt välkomna. Over time, the region could pick up any fall in demand for iron ore from China, Japan and South Korea. Jakob Stausholm will have to rebuild Rio’s reputation following an international outcry over its destruction of sacred Aboriginal rock shelters. While relatively few of the companies surveyed volunteered private information on their executive remuneration ratios, based on the 20 that did respond, on average male executives across the two sectors earned 21% more than females. Metals and Mining News. But here’s why I think an overly bearish outlook on medium-term prices may be wrong: There is little in the way of meaningful net new supply guaranteed to hit seaborne markets in the next 2-3 years. Despite its increasing sophistication—automated logistics, use of big data, control centers 1,500 km away from the mine site, etc—mining is still essentially about digging holes and transporting material on trains and ships; there are many things that can go wrong along the supply chain. When Chinese steel output seemed to go into reverse from 2014, the view was that Chinese steel consumption and output had peaked. Platts expects Chinese steel production to keep growing at 1%-2% in the next couple of years. 2020 News Releases. Cleaner sectors have growing investor appeal, which is one reason for the current buzz around hydrogen. Fortescue’s new 30 million mt/year capacity Eliwana mine has just produced its first ore. Next year, Rio Tinto will start its new 43 million mt/year Koodaideri mine to keep up its flagship Pilbara Blend product, as supply at older mines is depleted. The 2020 Global Metals Awards have gone digital - join us to celebrate with our finalists and find out who this year's category winners are, The 2020 Global Metals Awards have gone digital – join us to celebrate with our finalists and find out who this year’s category winners are, Commodity forecasting is a difficult business at the best of times. Will the majors maintain overall production and export volumes as new operations are brought online? Many of the miners have now put in place measures to ensure rigorous consultation with traditional owners and First Nation communities. So much for low prices! S&P Global Platts Asian Steel Markets Editor Ashima Tyagi discusses these issues and more with Head of APAC Metal Insights Paul Bartholomew. Wrathall said the company had identified a former china clay processing site connected to the coast by rail that Cornish Lithium should be able to get control of over in the next year for the production plant. One of these projects is the ‘Mining and Metals Blockchain’ initiative, a new project designed to “more accurately trace emissions across the value chain using distributed ledger technology” according to a WEF news release. The demand side of iron ore will remain extremely strong – and it won’t just be coming from China (see below). Vale, the biggest iron ore miner, this month cut production guidance for 2020, while industry sources see strong iron ore demand in China, and tight pellet availability keeping near-term prices up. “When I visited China back in 2003. @plattsshipping: #COVID19 has sent seismic waves through global #trade. Granted, there is always a crystal ball element to price forecasting. Some 62% of participants said iron ore prices would remain above $120/mt CFR China in Q1, […]. The process at Trelavour could also allow production of caesium and rubidium, which were on the US critical materials list, and could be used in the 5G network and other areas, he said. Following on from the above point, there are a number of significant mine replacement projects due to start in the Pilbara region of Western Australia. 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